Minerals Technologies Inc (MTX) revealed a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $54.0 million, or $1.68 per share. This compares with $39.8 million, or $1.22 per share, last year.
Excluding items, Minerals Technologies Inc reported adjusted earnings of $48.2 million or $1.50 per share for the period.
Analysts on average had expected the company to earn $1.39 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.2% to $518.1 million from $524.5 million last year.
Minerals Technologies Inc earnings at a glance (GAAP) :
-Earnings: $54.0 Mln. vs. $39.8 Mln. last year.
-EPS: $1.68 vs. $1.22 last year.
-Revenue: $518.1 Mln vs. $524.5 Mln last year.
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